If you’re in the field of private equity, then you know that a large amount of data has to be collected and stored during the process of evaluating and closing deals. The most effective software for a PE deal typically connects to third-party data services and makes due diligence more efficient. Moreover, it should help in tracking and reporting on deal performance after the investment.
A central system is essential to manage investor relations, tracking the performance of companies in their portfolio and connecting funds accounts. The best solution can automate workflows and create a defensible source of all the data that is required to conduct due diligence.
Up until recently, leading PE firms relied exclusively on Excel spreadsheets, as well as their own internal systems, to keep track of their contacts, businesses and activity. This led to inefficiencies and missed chances to make deals and win. To remedy this, a second group of software providers that specialize in the private equity industry created products to streamline and control deal flow. These are generally CRM software that concentrate on relationship intelligence. Examples of this type of software include Navatar, Affinity, Altvia and a myriad of others.
To determine which software is the most suitable for your firm, consider how it will be easy to implement and use. Take into consideration whether the software can be compatible with other tools you may use to accomplish tasks such as email, calendaring collaboration and project management tools or even financial apps. Compare prices and features, integrations, and user reviews by using the tools on this page.